Schaeffer's Opening View Chinese tech stocks are under fire in the Trump administration's latest executive order
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| | | 5/16/2019 | |
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| Dow Futures Rise as Cisco, Walmart Earnings Offset New Huawei Tensions | | By Emma Duncan | | Dow Jones Industrial Average (DJI) futures are pointed toward a positive open, as the latest quarterly earnings reports from Dow stocks Walmart (WMT) and Cisco (CSCO) exceeded analysts' expectations. Both WMT and CSCO are poised to open about 3% higher, offsetting a fresh round of U.S.-China trade tensions after President Donald Trump signed an executive order to ban the use of telecom gear from sources deemed to pose a national security risk -- a move intended to target Huawei. Meanwhile, investors are also digesting stronger-than-forecast reports on weekly jobless claims and housing starts. Continue reading for more on today's market, including: - 3 small-cap drug stocks to watch.
- It's time to buy calls on this red-hot defense stock.
- Beyond Meat options volume soars to new heights.
- Plus, Cisco weighs in on its trade war exposure; Fred's shutters a fresh round of stores; and South Korea stocks take a dive on Huawei-related selling.
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